<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 25): RHB Retail Research said MyNews Holdings Bhd (KL:<a href="/askedge/klse/5275" class="ce-stock" target="_blank">MYNEWS</a>) is poised to continue its bullish trajectory after breaking past the resistance.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note on Tuesday, the research house said the stock had crossed above the 66 sen resistance to form a 'higher high'&nbsp;bullish candlestick.</p></div>

<div class=newsTextDataWrapInner><p>“The latest price action affirms that the technical setup is bullish.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“An extension of the 'higher high'&nbsp;bullish pattern should see the stock travelling towards 72 sen, followed by 78 sen.</p></div>

<div class=newsTextDataWrapInner><p>“On the other hand, falling below the 60 sen support will nullify the positive expectation,” the research house said.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/node/716326" target="_blank">MyNews reports third consecutive profitable quarter on higher share of profit from JV, improved profit margin</a>&nbsp;</em></p></div>


RHB Retail Research said MyNews Holdings Bhd (KL:MYNEWS) is poised to continue its bullish trajectory after breaking past the resistance.

MyNews poised to continue bullish trajectory, says RHB Retail Research

Billionaire Elon Musk held a meeting for more than an hour at the Pentagon on Friday morning as the close ally of President Donald Trump called for the prosecutions of any Pentagon officials leaking false information about his visit.

Elon Musk holds Pentagon meeting, wants leakers prosecuted

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

Alliance Bank, Crest Builder, Capital A, AirAsia X, Nestlé, DRB-Hicom, VS Industry, Genting, Salcon, Erdasan, CelcomDigi

Wall Street's main indexes declined on Friday as investors continued to navigate the complex landscape of tariffs, with FedEx becoming the latest firm to adjust its annual projections due to economic uncertainties.

Wall Street falls on tariff woes; FedEx slides after bleak forecast

Alliance Bank Malaysia Bhd (KL:ABMB) is making a cash call to its shareholders.

Alliance Bank proposes renounceable rights issue of shares to raise RM600m

The looming barrage of fresh US tariffs is leaving traders in emerging markets (EM) ready to bolt at the slightest whiff of risk.

Trump’s ‘big one’ on tariffs has emerging market on edge

CelcomDigi Bhd (KL:CDB) on Friday announced the appointment of  Jon Omund Revhaug as its deputy chairman and non-independent non-executive director, with immediate effect.

Jon Omund Revhaug appointed deputy chairman of CelcomDigi

Federal Reserve Bank of Chicago president Austan Goolsbee said the inflationary impact from tariffs could be transitory if they were limited in scope.

US Fed’s Goolsbee sees transitory inflation from one-time tariffs 

A weekly round-up of tanker and dry bulk market (March 14, 2025)

Baltic Exchange shipping updates: March 21, 2025

(March 21): New York Federal Reserve president John Williams said on Friday the US central bank's monetary policy is in the right place at this time, given how the economy is performing in an environment where the outlook is quite uncertain.

"There is certain uncertainty in monetary pol...

US Fed's Williams says monetary policy in right place amid notable uncertainty

Bursa Malaysia Derivatives Bhd is set to relaunch its single stock futures (SSF) contract next Monday (March 24).

Bursa Malaysia Derivatives' revamped single stock futures contract set for March 24

<p>Genting Bhd (KL:GENTING) has agreed to pay a fine of US$10.5 million (RM46.41 million) to the Nevada Gaming Commission as part of a settlement for a complaint against its Las Vegas resort.</p>


Genting agrees to RM46m fine as part of settlement for complaint against Las Vegas resort  

<p>Nestlé (Malaysia) Bhd (KL:NESTLE) on Friday broke ground for a RM250 million integrated logistics hub in Port Klang.</p>

<p>The facility is designed to function as a regional hub, facilitating product exports to over 60 countries and sourcing imported raw materials, Nestle Malaysia said in a statement. The hub is expected to be fully operational by the first quarter of 2026 and create over 200 new jobs, it said.</p>


Nestlé Malaysia breaks ground for RM250m regional logistics hub in Port Klang

<p>Malaysia Airlines’ parent Malaysia Aviation Group Bhd (MAG) is acquiring another&nbsp;30 new Boeing aircraft&nbsp;for the second stage of its fleet renewal strategy.</p>


Malaysia Airlines’ parent opts for 30 new Boeing aircraft for second stage of fleet renewal

<p>The federal government announced on Friday it will distribute cash totalling RM900 million to eligible serving civil servants and public pensioners under a special Aidilfitri Financial Assistance programme.</p>


Govt to hand out RM900 mil cash to civil servants, public retirees for Aidilfitri

<p>China’s imports of US cotton, cars and some energy products all plunged in the first two months of the year after President Donald Trump started imposing tariffs and Beijing retaliated.</p>


China imports of US commodities, cars collapse in new trade war

<p>Boeing Global president Brendan Nelson has announced that the company will increase its Malaysian workforce by 20% over the next two years, reinforcing its commitment to the country’s aerospace industry.</p>


Boeing to increase Malaysian workforce by 20% as part of expanded partnership with Malaysia Airlines

<p>A pro-Beijing newspaper has called on CK Hutchison Holdings Ltd to pull out from an agreement to sell its ports on the Panama Canal to a group led by BlackRock Inc, marking an escalation of a pressure campaign on billionaire Li Ka-shing over the deal.</p>


Pro-Beijing paper urges Li Ka-shing to scrap Panama port sale

<p>GX Bank Bhd, Malaysia’s first digital bank, commands the largest share of customer deposits among operational digital banks with RM2.16 billion deposits as of September 2024, according to RAM Ratings.</p>


GXBank tops digital banking sector deposits with RM2.16 bil as of September 2024 — RAM Ratings

<p>Capital A Bhd (KL:CAPITALA) said the High Court has confirmed its issued share capital reduction and repayment, paving the way for the low-cost airline’s proposed distribution.</p>


Capital A to proceed with distribution plans after court confirms share capital reduction

<p>MSB Global Group Bhd, an aftermarket automotive parts and components distributor, on Friday launched its initial public offering (IPO) that could raise up to RM41.4 million from the ACE Market.</p>


Autopart distributor MSB Global sets ACE Market IPO price at 20 sen per share

<p>Read more in the March 24 edition of The Edge Malaysia Weekly.</p>


Trumpianomics: The Art of Coercion

<p>The Consumer Credit Bill 2025, which is expected to be gazetted by the end of this year, will require buy now, pay later (BNPL) providers to report consumer borrowing data to credit rating agencies.</p>


Mandatory reporting of BNPL borrowing data to credit agencies under new bill

<p>Malaysia’s headline inflation slowed in February 2025 as food prices stabilised while housing and utilities costs moderated, according to official data released on Friday.</p>


Malaysia's February inflation slows as housing, utilities costs moderate, official data show

<p>DRB-Hicom Bhd (KL:DRBHCOM) has been spared from a potential RM246.25 million tax bill after the Inland Revenue Board (IRB) ruled in favour of the automotive-to-banking conglomerate’s appeal, reversing its decision to classify the gain from the disposal of its long-held stake in Alam Flora Sdn Bhd as income.</p>


DRB-Hicom spared RM246 mil tax bill after IRB rules in favour of appeal

<p>Alliance Bank Malaysia Bhd (KL:ABMB) is making a cash call to its shareholders.</p>


<p>The Attorney General's Chambers (AGC) has applied to strike out the government, along with Prime Minister Datuk Seri Anwar Ibrahim, as parties in Datuk Seri Mukhriz Mahathir's ongoing legal action over additional taxes and subsequent penalty of about RM5 million.</p>


Anwar, govt seek to be removed from Mukhriz's legal challenge over RM5 mil additional taxes

<p>Hotayi Electronic (M) Sdn Bhd, a Taiwanese electronics manufacturing services company, has launched the third phase of its expansion in Batu Kawan, Penang, with an investment of RM500 million in a manufacturing facility.</p>


Taiwanese firm Hotayi Electronic launches RM500 mil smart factory expansion in Penang

<p>Britain's Heathrow Airport was shut on Friday after a huge fire at a nearby electrical substation knocked out its power, disrupting flight schedules around the world.</p>


Global flight turmoil as London's Heathrow closed by huge fire

<p>Trump says people that get caught sabotaging Teslas will stand a very good chance of going to jail for up to 20 years, and that includes the funders — Truth Social post</p>


Trump says people that get caught sabotaging Teslas will stand a very good chance of going to jail for up to 20 years, and that includes the funders — Truth Social post

<p>Luxury retailer Bonia Corporation Bhd (KL:BONIA) said it is raising its stakes in a property investment subsidiary and an associate operating seafood restaurant for a combined RM13.16 million.</p>
